17 new real estate properties in New Rochelle, New York have been added to Ofirio in the last 7 days.
Of those new properties:
New Rochelle, New York has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 1% lower than than the list price. The demand for luxury real estate is higher than the demand for “Under $200k” real estate by 4%. Homes in New Rochelle, New York are on the market for 82 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 2 Beds segment and it is 29% ($670,250) more than the week prior.
The average closing price for real estate in New Rochelle New York has grown by 8% from the last week, which amounted to $593,889.
As of January 2023 New Rochelle, NY is a seller market which means homes sell faster at a higher price. In January 2023, 8 homes (25.8%) sold at asking price, 19 homes (61.3%) sold below asking price, and 4 homes (12.9%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price decreased by 20.4% from $540,000 in January 2022 to $430,000 in January 2023. The number of homes sold in New Rochelle, NY has decreased by 14.7% over the last year from 34 in January 2022 to 29 homes in January 2023.
Homes in New Rochelle, NY have sold for 12.0% less per ft² than they did a year ago. As of January 2023 the average price per square foot is $286.
New Rochelle in Westchester County, NY is a great place to live. The diverse and culturally rich city is located just 21 miles from exciting New York City. New Rochelle has the advantage of award-winning schools, parks and beaches bordering Long Island Sound and a variety of housing options. The culturally diverse city has a bustling downtown area dotted with high end restaurants, nightlife, entertainment and a thriving creative community. The transit station is just steps away from the downtown area. All of this makes New Rochelle real estate very desirable.
New Rochelle is considered to be an affluent city with waterfront estates and historic homes along with its multi-family residences and high rise apartments. According to the US Census Bureau, the median household income in New Rochelle, NY is higher than the national average and the city has a relatively low poverty rate. New Rochelle is one of the top five safest cities compared to similar sized cities across the nation.
New Rochelle real estate provides a desirable blend of sophisticated urban and relaxed suburban living. The city has a population of around 79,000 people with a mix of residential neighborhoods, commercial areas and skyscrapers, which gives it a balanced urban and suburban feel. The city has many parks and recreational areas, which is more typical of suburban areas. Residents enjoy bike paths, fishing docks, playgrounds and picnic pavilions to enjoy the outdoors, as well as the 105-acre Glen Island Park which features a drawbridge and a Germanic stone castle.
New Rochelle, New York is considered an affluent city, although there are also areas with individuals having lower income living there. According to data from the U.S. Census Bureau, the median household income in New Rochelle is higher than the national average, and the city has a relatively low poverty rate. New Rochelle real estate features a large number of high-end homes and neighborhoods as well as a high cost of living, which are indicators of affluence.
New Rochelle is not part of the Bronx, it's a city situated in Westchester County, New York, which is just north of the Bronx. While New Rochelle is located near the Bronx and residents have easy access to it, it is a separate municipality with its own government, schools and services. The Bronx is one of the five boroughs of New York City, with a population of around 1.4 million people.
New Rochelle is known for its proximity to New York City, its rich history, good schools and cultural diversity. The city is a convenient place for people who want to live in a suburban area but still have easy access to New York City for work or recreation.
New Rochelle has several notable features that make it significant. The city has a rich history dating back to the 17th century, and it was one of the first English settlements in the area. There are many historic sites and buildings, such as the Thomas Paine Cottage Museum which is the only surviving residence of the American revolutionary writer and pamphleteer. New Rochelle has a number of good schools, including the College of New Rochelle.
The culturally diverse city has a large number of immigrants from various backgrounds, and this diversity is reflected in the city's many ethnic restaurants and shops, cultural events and festivals. New Rochelle has a variety of housing options with a mix of old and new homes, single-family homes, townhouses, and high-rise apartments. It is also home to some of the most prestigious neighborhoods in Westchester County.